Compared to Homeowner Opinions, Appraisals Come in Just Shy

October 10, 2018 by

Appraisals came in 0.29 percent shy of what homeowners perceived in terms of value, according to the Quicken Loans National Home Price Perception (HPPI). Appraised home values rose 5.69 percent year-over-year, according to the Quicken Loans National Home Value Index (HVI). “A wide gap between the estimated home value and the appraised value can cause […]

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Filed Under: Buying/Selling, Home Appraisal, Latest News, Quicken Loans HPPI, Quicken Loans HVI, Real Estate News, Real Estate News and Information, Real Estate Trends Tagged With: , , , ,

Inventory Watch: Is ‘Big Change’ on the Horizon?

October 8, 2018 by

The grip on inventory is loosening, with fresh listings sprouting up and the severity of the shortage starting to unwind, according to findings by realtor.com®. On an annual basis, there were 8 percent more listings on the market in September, according to data from the site, or over 465,000 new properties. The biggest boosts were […]

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LGBT Homeownership: Affordability and Fear of Discrimination Dominant Deterrents

October 7, 2018 by

The LGBT community is largely holding back from homeownership, according to a recent survey conducted by Freddie Mac in collaboration with Community Marketing and Insights, which polled 2,313 LGBT community members in the U.S. aged 22-72. In fact, compared to the national average of 64.3 percent, only 40 percent of LGBT households are likely to […]

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Filed Under: Latest News, LGBT Homeownership, LGBT Housing Discrimination, Real Estate News, Real Estate News and Information, Real Estate Trends Tagged With: , , , ,

Policy Matters: FHFA Ends Single-Family Rental Pilot Program

October 7, 2018 by

In a win for prospective homebuyers across the country, the Federal Housing Finance Agency (FHFA) announced on Aug. 21, 2018 that Fannie Mae and Freddie Mac (the Enterprises) will end their single-family rental pilot programs. The FHFA found that the institutional, single-family rental investor market is performing well without the liquidity provided by the Enterprises. […]

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Filed Under: Latest News, Real Estate News, Real Estate News and Information, Real Estate Trends, SFR Program, Single-Family Rental Pilot Program Tagged With: , , , , ,

Student Loan Debt a Homeownership Barrier for Women and Millennials

October 2, 2018 by

Rising interest rates, a seller’s market and increasing home values…these are just a few of today’s market challenges for buyers. While 92 percent of adults say homeownership is an important part of the American Dream, student loan debt is the predominant obstacle, according to the sixth annual NeighborWorks America at Home survey. This is especially […]

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Filed Under: Latest News, Lead Story, Real Estate News, Real Estate News and Information, Real Estate Trends, Women Homebuyers Tagged With: , , , , ,

In ‘Healthy Shift,’ More Homeowners on Board With Selling

September 30, 2018 by

Are homeowners warming up? With prices rapidly rising, homeowners have been reluctant to sell, fearful of being unable to afford another home—a catch-22, because inventory is limited as it is, and compounded further when homes are kept off the market. Now, their confidence is growing, according to the latest National Association of REALTORS® (NAR) Housing […]

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Hurricane Florence: Nearly $30 Billion in Estimated Losses

September 30, 2018 by

Earlier this month, Hurricane Florence blasted through the Carolinas and Virginia, leaving a path of flood and wind damage in its wake. According to an analysis by real estate data provider CoreLogic, residential properties in the Carolinas and Virginia sustained between $19-$28.5 billion in damage, which includes impact from both inland flooding and storm surge. […]

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Filed Under: Hurricane Florence Damage, Latest News, NFIP Extension, NFIP Reauthorization, Real Estate News, Real Estate News and Information, Real Estate Trends Tagged With: , , , , ,

It’s a Sellers’ Market—but Not for Millennials: Report

September 30, 2018 by

Even as homeowners, millennials are drawing the short straw. According to the 2018 Zillow Group Report on Consumer Housing Trends, newly released, millennial sellers—even with the proverbial “upper hand”—are having to change their closing date or cut their list price. Many, even, have had deals fall apart, against outside stressors and tight timelines—and, the majority […]

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Filed Under: 2018 Zillow Group Report, Buying/Selling, Latest News, Millennial Home Sellers, Real Estate News, Real Estate News and Information, Real Estate Trends, Zillow Consumer Housing Trends Tagged With: , , , , , ,

Pending Home Sales Slip, Trampled by West

September 27, 2018 by

For the housing market, gaining ground is proving to be a struggle. On an annual basis—and for the eighth month in a row—pending home sales slipped, according to the August National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Activity backtracked 1.8 percent month-over-month and 2.3 percent year-over-year. According to the Index, activity contracted in […]

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Mortgage Rates at Record Not Seen Since Spring 2011

September 27, 2018 by

The average 30-year, fixed mortgage rate rocketed to 4.72 percent this week, at a record not seen since spring 2011, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage rate rose to 4.16 percent, while the average five-year, Treasury-indexed hybrid adjustable mortgage rate shot to 3.97 percent. Last week, […]

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Filed Under: Latest News, Real Estate Broker Best Practices, Real Estate News, Real Estate News and Information, Real Estate Trends Tagged With: , ,
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